Friday, March 23, 2012

Bid for a liquor store in Washington State, or for all of them

The State of Washington is auctioning off all 167 state owned liquor stores, in an auction running through March and April. It is what used to be called an "entirety auction," a simple kind of combinatorial or package bidding auction that allows both bids on individual stores, and bids on the package of all 167.

Here's the auction page of the Washington State Liquor Control Board, here's the online auction site itself, and here's an information page.

"Bids may be placed on one or multiple stores. There will also be an option for a bidder to make a single offer on the entire store network. This would secure the exclusive rights associated with all 167 state store locations. This simultaneous auction approach accomplishes multiple objectives. It lends itself to small entrepreneurs as well as larger entities that may have interest in this unique business opportunity. Additionally, it optimizes the opportunity to obtain maximum reasonable value for the assets being sold. Finally, the simultaneous approach allows for this to be completed within the tight timelines that were required by law."

Bid responsibly.

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